Are ETFs on the Verge of Exceeding Stocks? (SPY, GLD, AAPL, C)

Eric Balchunas reports on the growth in volume of ETFs. He speaks on Bloomberg Television’s “Street Smart.” The answer, accounting for 25% of all trading volume, not quite. ETFs have increased in volume, however, and the SPY for one exceeds Apple’s (NASDAQ:AAPL) volume by ten times, and Citigroup, Inc (NYSE:C) by four times.

See Eric’s segment below:


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SPDR S&P 500 (NYSEARCA:SPY)

The SPDR® S&P 500 ETF is a fund that, before expenses, generally corresponds to the price and yield performance of the S&P 500 Index (INDEXSP:.INX).

SPDR Gold Shares (NYSEARCA:GLD)

SPDR Gold Shares offer investors an innovative, relatively cost efficient and secure way to access the gold market. SPDR Gold Shares are intended to offer investors a means of participating in the gold bullion market without the necessity of taking physical delivery of gold, and to buy and sell that interest through the trading of a security on a regulated stock exchange. The launch of SPDR Gold Shares was intended to lower many of the barriers, such as access, custody, and transaction costs, that had prevented some investors from investing in gold.

SPDR Gold Shares represent fractional, undivided beneficial ownership interests in the Trust, the sole assets of which are gold bullion, and, from time to time, cash. SPDR Gold Shares are intended to lower a large number of the barriers preventing investors from using gold as an asset allocation and trading tool. These barriers have included the logistics of buying, storing and insuring gold. In addition, certain pension funds and mutual funds do not or cannot hold physical commodities, such as gold, or the derivatives.

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